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HULAMIN LIMITED - TRADING STATEMENT ? FOR THE SIX MONTHS ENDED 30 JUNE 2012

Release Date: 17/07/2012 08:22
Code(s): HLM
Wrap Text
HULAMIN LIMITED
(Registration number 1940/013924/06)
(Incorporated in the Republic of South Africa)
Share Code: HLM
ISIN: ZAE000096210
('Hulamin' or 'the company')


TRADING STATEMENT ' FOR THE SIX MONTHS ENDED 30 JUNE 2012
The improvement in operational performance and production volumes
that was achieved during the first four months of 2012 was
disrupted by the failure of a motor on the Camps Drift hot line on
29 April 2012. The motor has been repaired and the line has been
operating normally since mid-June. The resulting insurance claim
has not yet been concluded and is not expected to impact the results to June 2012.
The process of converting the Hulamin Pension Fund to Defined
Contribution has resulted in an allocation to the company which
has increased earnings by R67 million in the first half of the year.
Earnings are expected to be between R70 million (22 cents per
share) and R75 million (24 cents per share), in line with the R73
million (23 cents per share) achieved in the corresponding period
in 2011. Headline earnings are expected to be between R54 million
(17 cents per share) and R59 million (19 cents per share), lower
than the corresponding period of the previous year of R71 million (22 cents per share).
The above information has not been reviewed and reported on by the company's auditors.
Hulamin's full results for the six months to June 2012 are
expected to be released on SENS on or about 30 July 2012. Pietermaritzburg 17 July 2012 Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17/07/2012 08:22:00 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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